Best Semiconductor Stocks in India (2026) — Chip & EMS Leaders

Under the $10 Billion India Semiconductor Mission (ISM), the Indian government provides up to 50% capital expenditure subsidies to establish indigenous microchip fabrication and packaging facilities. Pioneering initiatives—such as CG Power's Renesas-partnered ATMP plant in Sanand, Kaynes Technology's OSAT facility, and MosChip's fabless chip design architecture—are creating a high-margin domestic semiconductor ecosystem that reduces critical supply chain dependency on foreign imports.